Consumer Bankruptcy

Illinois Consumer Bankruptcy Attorneys Serving DuPage, Kane, Kendall and Will Counties

No one looks forward to filing for bankruptcy, but in today’s economy many consumers are simply overwhelmed by financial difficulties. Consumer bankruptcy offers those in significant debt the opportunity to start over with a clean slate. At Springer Brown, our attorneys are committed to helping individuals struggling with debt get the fresh start they need to rebuild their lives.

Benefit of Consumer Bankruptcy

If you are considering bankruptcy, you have probably already experienced some or all of the negative repercussions of unpaid debt. You may be receiving harassing phone calls from creditors and facing wage garnishments, repossessions or even foreclosure. Filing for bankruptcy puts a stop to all of those things. When you file for bankruptcy protection, an automatic stay preventing debt collection activity goes into effect immediately.

Types of Consumer Bankruptcy

There are two basic types of consumer bankruptcy—Chapter 7 bankruptcy and Chapter 13 bankruptcy. Depending on your financial situation, you may be eligible for one and not the other. In Chapter 7 bankruptcy, or straight bankruptcy, you can get rid of your unsecured debts such as credit cards, medical bills, etc. In Chapter 13 bankruptcy, or reorganization, you and your attorney create a payment plan to repay your creditors over 3 to 5 years and you get to keep your assets.

In order to determine which type of bankruptcy is appropriate in your situation, we need to do a thorough accounting of your financial circumstances. Our firm offers a free initial consultation to examine your finances and recommend to you the best course of action. Our attorneys have decades of experience working with consumer bankruptcies, and we pride ourselves on offering clients personalized service. We are not a bankruptcy mill. We work with our clients closely to find the best possible solution for their financial problems.

If you are having trouble paying your debts on time, call us today to make an appointment to talk to one of our partners or associates.